Providence Service Co. (PRSC) Shares Sold by Stevens Capital Management LP

Providence Service Co. (PRSC) Shares Sold by Stevens Capital Management LP

Several other hedge funds and other institutional investors have also recently made changes to their positions in PRSC. GSA Capital Partners LLP raised its position in shares of The Providence Service by 13.8% in the fourth quarter. GSA Capital Partners LLP now owns 31,865 shares of the company’s stock valued at $1,212,000 after buying an additional 3,857 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of The Providence Service during the fourth quarter valued at about $257,000. Brown Advisory Inc. raised its position in shares of The Providence Service by 4.2% in the fourth quarter. Brown Advisory Inc. now owns 464,556 shares of the company’s stock valued at $17,676,000 after buying an additional 18,791 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of The Providence Service during the fourth quarter valued at about $375,000. Finally, Dimensional Fund Advisors LP raised its position in shares of The Providence Service by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 827,330 shares of the company’s stock valued at $31,480,000 after buying an additional 11,166 shares in the last quarter. 95.92% of the stock is owned by hedge funds and other institutional investors.

Stevens Capital Management LP reduced its stake in The Providence Service Co. (NASDAQ:PRSC) by 10.9% during the first quarter, Holdings Channel reports. The institutional investor owned 7,978 shares of the company’s stock after selling 973 shares during the period. Stevens Capital Management LP’s holdings in The Providence Service were worth $355,000 at the end of the most recent reporting period.

The Providence Service Co. (NASDAQ PRSC) opened at 46.74 on Thursday. The company has a market cap of $629.45 million, a price-to-earnings ratio of 9.87 and a beta of 0.97. The Providence Service Co. has a 52-week low of $34.88 and a 52-week high of $50.30. The company’s 50-day moving average price is $45.30 and its 200-day moving average price is $41.45.

The Providence Service (NASDAQ:PRSC) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $399.50 million for the quarter, compared to analyst estimates of $386.14 million. The Providence Service had a return on equity of 11.59% and a net margin of 3.90%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. Equities research analysts expect that The Providence Service Co. will post $1.35 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered The Providence Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th.

In related news, Director Richard A. Kerley sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $44.79, for a total transaction of $179,160.00. Following the completion of the transaction, the director now owns 36,652 shares of the company’s stock, valued at approximately $1,641,643.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.40% of the company’s stock.

About The Providence Service

The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PRSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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